Description

Analyses the likely economic effects of the ten Central and Eastern European countries entering the European Union in 2004.

Auteur

Michael Artis is Professorial Fellow at the European University Institute in Florence. Anindya Banerjee is Professor at the European University Institute and a Fellow of Wadham College, Oxford. Massimiliano Marcellino is Associate Professor of Econometrics at Bocconi University in Milan.

Texte du rabat

Based upon studies conducted by the European Forecasting Network, this book analyses key aspects of the impact of the recent EU enlargement with reference to eight of the ten new Member States, namely the Central and Eastern European countries. It examines themes such as regional policy, the macroeconomic trajectories of these economies to date and their likely future development and the debate about EMU accession. The book demonstrates that the enlargement could have profound consequences on both the new Member States and on the pre-accession members of the European Union.

Contenu

Figures; Tables; Contributors; Acknowledgements; Introduction; 1. New member states: macroeconomic outlook and forecasts Emilio Rossi and Zbyszko Tabernacki; 2. The asymmetric impact of enlargement of old and new Member States: a general equilibrium approach Mohamed Hedi Bchir, Lionel Fontagne and Paolo Zanghieri; 3. Changes in the spatial distribution patterns of European regional activity: the enlargements of the mid-eighties and 2004 Toni Mora, Esther Vaya and Jordi Surinach; 4. Forecasting macroeconomic variables for the new Member States Anindya Banerjee, Massimiliano Marcellino and Igor Masten; 5. The cyclical experience of the new Member States Michael Artis, Massimiliano Marcellino and Tommaso Proietti; 6. Demand and supply shocks in the new Member States Raul Ramos and Jordi Surinach; 7. Monetary transmission in the new Member States Raul Ramos and Jordi Surinach; 8. Promoting fiscal restraint in three Central European Member States Emilio Rossi and Zbyszko Tabernacki; 9. Current accounts dynamics in new EU members Paolo Zanghieri; 10. Challenges to banking sector stability in selected new Member States Charles Movit; 11. Infrastructure investments as a tool for regional development policy: lessons from the Spanish evidence Rosina Moreno, Enrique Lopez-Bazo and Manuel Artis; 12. TFP, costs, and public infrastructure: an equivocal relationship Eliana La Ferrara and Massimiliano Marcellino; 13. Regional policies after the EU enlargement Michele Boldrin.